Quest Flow Controls Limited has submitted its quarterly compliance certificate to the BSE SME Platform, fulfilling mandatory regulatory requirements under SEBI depositories regulations for the quarter ended March 31, 2026.

Regulatory Filing Details

The certificate was filed on April 11, 2026, under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The submission was made by Swaroop Raghuvir Natekar, Whole Time Director of the company, bearing DIN 05154850.

Registrar Confirmation

Maashitla Securities Private Limited, serving as the company's SEBI registered Category-I Registrar and Transfer Agent, provided the confirmation certificate dated April 8, 2026. The registrar holds SEBI registration number INR000004370 and operates with NSDL BP ID IN201013 and CDSL RTA ID 381.

The registrar confirmed compliance with key regulatory requirements:

• Securities received from Depository Participants for dematerialisation were properly confirmed to depositories
• Security certificates received for dematerialisation were cancelled after due verification
• Names of depositories were substituted in the register of members within the prescribed 15-day timeframe

Company Information

Quest Flow Controls Limited, formerly known as Meson Valves India Limited, operates from its registered office at Plot No L-45, First Floor, Software Technology Park, Verna Industrial Estate, Verna, South Goa. The company is listed on the BSE SME Platform under scrip code 543982.

Compliance Framework

This quarterly certificate filing represents standard regulatory compliance for publicly listed companies. The SEBI (Depositories and Participants) Regulations, 2018 mandate such confirmations to ensure proper handling of securities and maintenance of investor records in the depository system.

The certificate was authorized by Mr. Mukul Agrawal as the authorized signatory from Maashitla Securities Private Limited, confirming the company's adherence to prescribed dematerialisation procedures and regulatory timelines for the quarter ended March 31, 2026.

QUEST Flow Controls Limited unveiled its comprehensive business overview and achievements in its April 2026 investor presentation, demonstrating significant growth across multiple operational areas. The company, which operates under the tagline "Built For Excellence," has established itself as a specialized valve manufacturer serving defence, marine, and industrial sectors.

Major Business Milestone Achieved

The company achieved a significant financial milestone during the fiscal year, as detailed in the presentation:

Company Evolution and Recent Developments

QUEST Flow Controls has undergone substantial transformation since its rebranding from Meson Valves Limited in 2025. The company's evolution timeline shows strategic expansion across multiple areas:

2025 Developments

• Rebranded to QUEST Flow Controls Limited
• Setup new R&D facility at Supreme HQ, Baner, Pune, Maharashtra
• Successfully executed first Russian order for Ball, Butterfly & Gate Valves
• Successfully executed first NPCIL order

2026 Achievements

• Successfully executed first Cryogenic Ball Valve order
• Executed 4 Way Submarine Valve order from MDL
• Executed High Temperature Triple Offset orders

Infrastructure and Manufacturing Capabilities

The company has significantly enhanced its manufacturing infrastructure with substantial investments in testing and production equipment:

The presentation highlighted the company's comprehensive product range covering both ferrous and non-ferrous valve categories, including butterfly valves, ball valves, gate/globe/check valves, and special purpose valves.

Major Client Deliveries and Projects

QUEST Flow Controls has executed several high-profile projects demonstrating its technical capabilities:

Defence and Marine Projects

• Cochin Shipyard Limited: DN1500 Gate Valve for Technology Demonstration Vessel (TDV) project using DI (Ductile Iron) ASTM A395 Gr 60-40-18 material
• Mazagon Dock Shipbuilders Limited: Motorized Double Offset Aluminium Butterfly Valve DN800 for HVAC Systems
• Indian Navy Projects: 4-Way Ball Valve DN25 & DN50 with special approval from Indian Navy

Industrial and Space Applications

• ISRO Propulsion Complex, Mahendragiri: 54 Ball Valves for Project Chandrayan
• HPCL Visakh Refinery: Monel valves for specialized applications
• Carbon Black Plant: DN1200 Triple Offset Butterfly Valve for private engineering firm

Technical Certifications and Testing

The company maintains rigorous quality standards through comprehensive testing and certification processes:

Product Validation Achievements

• HPBFV Cycles: 31,000 completed
• Centric BFV Cycles: 52,000 completed
• Pneumatic Actuator Response Time: 5 seconds for opening and closing

Global Market Position and Industry Outlook

The presentation included market analysis showing favorable industry conditions. The global industrial valves market is estimated at USD 80-95 billion for 2023-25, with projections to reach USD 110-120 billion by 2030-31. The oil & gas valve market is valued at USD 13.4 billion in 2026, expected to reach USD 15.9 billion by 2031.

Leadership and Operations

QUEST Flow Controls operates under experienced leadership with decades of industry expertise across shipbuilding, marine, defence, and manufacturing sectors. The company maintains its registered office and factory at Gat No. 324, Chakan MIDC Phase II, Village Bhamboli, Pune, Maharashtra, with additional facilities including a USA facility in Houston and global sales and R&D operations in India.